How to Perform a Regression Analysis. Main Steps

Regression Analysis
Knowledge Center

 
Regression Analysis > Forum

New Topic


Ignatius D
Manager, India
🔥NEW When it comes to data analysis, regression is one of the most important methods. It is generally used to draw conclusions and make predictions. It can be quite a confusion for those without a statistical background. So I will try to make it as simple as possible. EXAMPLE OF REGRESSION ANALYSIS We shall consider an example where you are a sales manager who wants to predict the next month's numbers. Now there are many factors that can affect those numbers such as competitor's promotion and maybe a new and improved product. So there can be many variables that will affect future sales. There are people in the organization who might have a theory that the more rain this month, the more the sales will be. So there can be 100s of various factors. Regression analysis is a way of mathematically sorting the variables which will actually have an impact on the sales. It basically gives us the answer to questions such as: What factors are most important? What factors can we ignore? How these f (...) Read more? Sign up for free

  Anonymous
 

What is Regression Analysis? 101

Regression analysis is a statistical (that means: (...)

  Jaap de Jonge
Editor, Netherlands
 

The Key Takeaway for Managers of Regression Analysis

The next time some person in your business is clai (...)

 

More on Regression Analysis
Summary
Forum
How to Perform a Regression Analysis. Main Steps
Regression Analysis in Sales Forecasting
Explanation of Regression Formula
Number of Variables in Regression Analysis?
Difference Between a Random Sample and Time Series
Theoretical and Statistical Explanations
Best Practices
Regression Analysis Enables one to Determine the most Critical Predictor Variable
Regression Analysis Example
Special Interest Group

Are you interested in Regression Analysis? Sign up for free

Notify your students

Copy this into your study materials:

and add a hyperlink to:

Link to this discussion

Copy this HTML code to your web site:


Regression Analysis
Knowledge Center

 


About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2021 12manage - The Executive Fast Track. V15.7 - Last updated: 22-1-2021. All names of their owners.